How will millennials fare in Seattle’s housing market?

Though the vast majority of millennials value home ownership, it may be difficult for many millennials to reach this goal in the coming year. Based on calculations from the Seattle PI, only two out of 40 Seattle neighborhoods are in reach for households earning the median income for the city – $83,476.

Millennials — here defined as those who were between ages 20 to 35 in 2016, the last date for which population estimates are available — numbered 71 million, while Boomers sat at 74 million. As the numbers on the younger generation swell, they’re expected to overtake the Boomers in population in 2019, eclipsing them with what’s estimated to be a 73 to 72 million population.